RE: RRR : Elephant in the Room4 Jul 2024 12:52
I don't agree it is not possible to recover one's capital, it might not be likely in most companies but that doesn't mean it is not possible.
Small resource companies present a better opportunity than normal companies to recover one's capital. Look at the change in value at SXG; no JORC or NI43-101, a declared discovery and lots of drilling. Check out the share price movement.
Look at Tirupati today: nothing substantive but up 80% in a day at one point. NB I took part in the pre-IPO funding and so had shares and warrants, I also took some in the IPO. The shares were all sold a good profits, unfortunately I didn't exercise the warrants because I thought the profit was too small (idiot). At the time the broker was telling me it was going to £3.00. Anyone who bought up at around £1.40 and held was looking at a 90% wipe out. Today at one point it was up 80%.
Same applies at RRR.
RRR's market capitalisation is small relative to the potential value of its assets. See DL's tweet the other day about multiple assets that might 10 bag. NB for the FW trolls; might is not the same word as will, they have different meanings.
Kenya, get the renewal done and that can be sold around $30/$40m. DRC $7.5m, BF just do a bit of modelling and do a DCF, Kilmore... and so on.
Anyway, we should get an update on BF soon, hopefully confirming that the target start date for production is around 15th July.
For Dukey, because he doesn't understand CLNs; it doesn't matter what the SP is for the CLN holders as long as it isn't around 0.2p. So no, I am not ramping a placing. If the SP is substantially lower than 0.2p on the 18th July then RRR will need to do a deal and if it is substantially higher than 0.2p then the CLN holders will likely convert. I might even convert if the price is 0.18p ish and BF has started production.
As always, being pedantic and insisting on foreknowledge is the refuge of the ignorant. No one knows where the SP is going over the next 14 days.
DYOR
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